Capital Market – Page 19 – City Business News

July 22, 2023 No Responses

NGX Reclassifies Fidelity Bank As Medium Price Stock

Nigerian Exchange Limited (NGX) has announced the reclassification of Fidelity Bank Plc from Small price stock to Medium price stock. NGX in a statement explained that Rule 15.29 of the Rulebook of The Exchange, 2015 (Dealing Members’ Rules) notes that...

July 14, 2023 No Responses

UNITED CAPITAL LAUNCHES CAMPAIGN TO PROMOTE FINANCIAL INCLUSION FOR WOMEN

United Capital Asset Management Ltd., a subsidiary of United Capital Plc, has launched the #ThisGirlInvests campaign to promote financial independence and security for women across Nigeria. A statement explained that the campaign seeks to enc...

July 11, 2023 No Responses

DBN Empowers 1,000 MSMEs

The Development Bank of Nigeria (DBN) in continuation of its capacity development training programmes for Micro, Small and Medium Enterprises (MSMEs) in Nigeria, has organised a one-day training for over 1,000 small businesses across six states in the North-Ea...

July 10, 2023 No Responses

SEC Urges FRSC Personnel To Shun Ponzi Schemes

Officers of the Federal Road Safety Corps have been urged to avoid Ponzi schemes and only invest in entities registered with the regulatory body.The Securities and Exchange Commission gave the advise during an investor enlightenment programme tagged “Investo...

July 9, 2023 No Responses

CSCS: FMDQ Acquires 21.6% Equity With 1,080,641,902 Units Of Shares

FMDQ Holdings Plc is now a shareholder of Central Securities Clearing System Plc (CSCS) with a 21.6 per cent equity stake. CSCS Company Secretary/General Counsel, Charles I. Ojo, who confirmed the development in a statement on Saturday expl...

July 5, 2023 No Responses

Coronation Insurance To Delist From NGX

Coronation Insurance Plc has announced plans to delist from NGX following an offer from Coronation Capital (Mauritius) Limited to acquire shares of the company at 65kobo per share. In a Proposed Share Acquisition notice to the Nigerian Exchange Limited ...

July 4, 2023 No Responses

Guinness Nigeria Appoints Joan Hodgins Vice Chair

Guinness Nigeria Plc has appointed Diageo’s Global Talent Director, Ms. Joan Hodgins as a Non-Executive Director and Vice Chair of the Board of Directors effective July 1, 2023. In a notice, Guiness Nikeia Plc also disclosed the retirement of Mr Dayalan...

July 4, 2023 No Responses

Frank Nneji, ABC Transport CEO Retires, Hands Over To Brother

By Moses Ebosele, ebosele@hotmail.com The Managing Director/ Chief Executive Officer of ABC Transport Plc, Frank Nneji has retired effective June 30, 2023. A notice to the Nigerian Exchange obtained by City Business News on Tuesday explained that Nne...

June 26, 2023 No Responses

SEC Explains Amendments To Rules On Shelf Registration

The Securities and Exchange Commission( SEC) has exposed some Proposed amendments to rules on Shelf Registration and Pre-offer Waiting Period. SEC at the weekend explained that the Sundry Amendments are being made to Rule 279(3) on Shelf Registration and...

June 24, 2023 No Responses

SAHCO Promises Shareholders Enhanced Dividends In 2023

The Chairman of Skyway Aviation Handling Company PLC (SAHCO), Dr Taiwo Afolabi, has promised better dividends for the shareholders of the company for the current financial year ending Dec. 31, 2023. Afolabi gave the promise at the 13th Annual General...

June 23, 2023 No Responses

FRC, ISSB, NGX RegCo, To Unveil IFRS 1, IFRS 2

To provide full information, support investor decision-making and facilitate international comparability to attract capital, the Financial Reporting Council (FRC) of Nigeria and NGX Regulation Limited (NGX RegCo) is set to organize and host the launch of the f...

June 22, 2023 No Responses

Agribusiness: Ecobank Restates Commitment To Youth Empowerment

The Managing Director and Regional Executive, Ecobank Nigeria, Bolaji Lawal has reiterated the bank’s commitment to supporting any investment that will stimulate the growth of Nigeria’s economy and transform the opportunities in Nigeria into business ...

June 22, 2023 No Responses

FIRS Partners Market Traders Association On VAT Remittance From Informal Sector

The Federal Inland Revenue Service (FIRS) has partnered Market Traders Association of Nigeria (MATAN) as part of measures to collect and remit Value Added Tax (VAT) to the FIRS from markets, especially in the informal sector. The Association which ...

June 17, 2023 No Responses

Sanwo-Olu, SEC, NGX, IFC Renews Call For Gender-Focused Initiatives

The Governor, Lagos State, Mr Babajide Sanwo-Olu, the Securities and Exchange Commission (SEC), Nigerian Exchange Limited (NGX) and the International Finance Corporation (IFC) have all renewed calls for more gender-focused initiatives that will create increase...